Massachusetts taxpayers have until the end of the day to claim a tax rebate.

The distribution of funds began last year on Nov. 1, 2022, so most rebates have already been sent. Eligible residents who filed before Friday can expect their money within a month of filing.

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Taxpayers in the Bay State can receive roughly 14% of their income tax liability for tax year 2021. Anyone who paid personal income tax in Massachusetts for the 2021 tax year is eligible for the rebate, according to the state government's website.

The rebate was made law in 1986 through Chapter 62F, which requires the government to provide a tax credit if the state revenue exceeds an annual cap tied to wage and salary growth. Since it was enacted, the law has only been triggered once, in 1987.

Revenue during fiscal 2022 exceeded the cap set by Chapter 62F by roughly $2.9 billion.

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Those eligible for the rebate will be sent a check through the mail or have the money directly deposited into their bank account.

The refund will not be treated as taxable income.